Romania: Aluminium Bar Market 2024

Aluminium Bar Market Size in Romania

The Romanian aluminium bar market contracted sharply to $X in 2021, which is down by -65.7% against the previous year. Overall, consumption saw a deep slump. Aluminium bar consumption peaked at $X in 2020, and then declined dramatically in the following year.

Aluminium Bar Production in Romania

In value terms, aluminium bar production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 52% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Aluminium Bar Exports

Exports from Romania

In 2021, shipments abroad of aluminium bars, rods and profiles increased by 27% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +39.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 54%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, aluminium bar exports surged to $X in 2021. Over the period under review, total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 59%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for aluminium bar exports from Romania, accounting for a 39% share of total exports. Moreover, aluminium bar exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+11.7% per year) and Poland (+18.8% per year).

In value terms, Germany ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Romania, comprising 39% of total exports. The second position in the ranking was held by Austria ($X), with a 12% share of total exports. It was followed by Poland, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+14.0% per year) and Poland (+21.5% per year).

Export Prices by Country

The average aluminium bar export price stood at $X per ton in 2021, picking up by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Romania

After three years of decline, purchases abroad of aluminium bars, rods and profiles increased by 17% to X tons in 2021. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 24% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, aluminium bar imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Turkey (X tons) and Greece (X tons) were the main suppliers of aluminium bar imports to Romania, together accounting for 41% of total imports. Bulgaria, Italy, Poland, Slovakia, Spain, the Czech Republic, France, Belgium, Hungary and Austria lagged somewhat behind, together comprising a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium bar suppliers to Romania were Germany ($X), Turkey ($X) and Greece ($X), with a combined 40% share of total imports. These countries were followed by Italy, Bulgaria, Poland, the Czech Republic, Slovakia, Spain, Belgium, Hungary, France and Austria, which together accounted for a further 48%.

Among the main suppliers, Slovakia, with a CAGR of +22.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2021, picking up by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2014 an increase of 17%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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